Nemaska Lithium (NMX) PT Lowered to C$1.50 at National Bank Financial

Nemaska Lithium (TSE:NMX) had its price target decreased by National Bank Financial from C$1.70 to C$1.50 in a research note issued to investors on Monday, February 4th. National Bank Financial currently has an outperform rating on the stock.

Separately, BMO Capital Markets dropped their price objective on shares of Nemaska Lithium from C$1.50 to C$1.45 and set an outperform rating for the company in a research note on Thursday, November 1st.

NMX traded up C$0.01 during trading on Monday, hitting C$0.39. 1,812,800 shares of the company traded hands, compared to its average volume of 3,919,785. The stock has a market capitalization of $330.38 million and a price-to-earnings ratio of -16.96. Nemaska Lithium has a 1 year low of C$0.27 and a 1 year high of C$1.48. The company has a debt-to-equity ratio of 98.20, a quick ratio of 8.07 and a current ratio of 8.12.

Nemaska Lithium Company Profile

Nemaska Lithium Inc operates as a developing chemical company in Canada. The company focuses on integrating activities from spodumene mining to the commercialization of lithium hydroxide and lithium carbonate. It owns 100% interests in the Whabouchi property that consists of 33 claims covering an area of 1,716 hectares located in the Eeyou Istchee/James Bay area of Quebec province.

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